Industry - Global Economic Times

2026.11.11 (Wed)
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Gimhae Airport Smashes 10 Million International Passenger Milestone Ahead of Schedule

BUSAN — Gimhae International Airport has reached a historic milestone, with total passenger traffic surpassing 15 million and international travelers exceeding 10 million between January and Oct
Rising Demand for Japan Routes Sparks Debate Over Busan-Haneda Regular Flights

SEOUL — South Korea's aviation sector continues to ride a wave of robust travel demand to Japan, with passenger volume outpacing flight capacity expansions and repeatedly setting historic re

Genesis Enters Ultra-Luxury EV Segment with Flagship GV90 and Neolun SUVs

SEOUL — South Korea’s premier luxury carmaker, Genesis, has officially entered the ultra-luxury electric vehicle market with the domestic debut of its flagship GV90 series. The launch intr

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From Streaming to Playing: Nexon and Naver Unveil Revolutionary Cross-Platform Integration for 'FC Online' on Chzzk: SEOUL — In a groundbreaking move poised to redefine the landscape of digital entertainment, South Korean gaming giant Nexon ...; Eugenio Rodolfo Sanabria Reporter 2026.06.08

LG CNS Launches 'DevOn Agentic AIND': An Agentic AI-Driven IT System Development Platform: SEOUL, South Korea — LG CNS announced on June 8, 2026, the official commercial release of 'DevOn Agentic AI Native Developme ...; Global Economic Times Reporter 2026.06.08

Middle East War Fallout Hits South Korean Economy: KDI Warns of Stagflationary Pressures as Oil Refining Plummets 20.5%: SEOUL — The economic shockwaves from the prolonged war in the Middle East have officially begun to seep into the South Korea ...; Global Economic Times Reporter 2026.06.08

Zeekr Targets 2,000 Sales for '7X' EV in South Korea This Year: Hangzhou, China — Zeekr, the premium electric vehicle (EV) brand under China's Geely Auto Group, has officially established ...; Yim Kwangsoo Correspondent 2026.06.05

Murata Unveils Next-Gen Resin Electrode MLCC for Automotive Applications: TOKYO — In a major step toward supporting the rapid electrification of the automotive industry, Murata Manufacturing Co., Lt ...; Graciela Maria Reporter 2026.06.05

Samsung Electronics Super-Enterprise Union Loses Majority Status Amid Backlash Over Bonus Disparities: SEOUL — The Super-Enterprise Labor Union’s Samsung Electronics branch, previously the largest labor union at Samsung E ...; KO YONG-CHUL Reporter 2026.06.05

South Korea’s Top Five Automakers Suffer Broad May Sales Decline Amid Weakening Domestic Demand and Global Headwinds: SEOUL — South Korea’s five major domestic automakers experienced a coordinated downturn in performance last month, rep ...; Hwang Sujin Reporter 2026.06.03

Chinese Humanoid Robotics Pioneer Unitree Clears Shanghai IPO Hurdle to Raise $580 Million: In a monumental milestone for the global robotics ecosystem, Unitree Robotics, one of China’s most prominent humanoid roboti ...; Global Economic Times Reporter 2026.06.03

Hyundai Motor Bets on ‘The New Grandeur’ to Jumpstart Sluggish Domestic Sales: SEOUL — Hyundai Motor Company is turning to its iconic flagship sedan, the Grandeur, to spearhead a rebound in its domestic ...; Yim Kwangsoo Correspondent 2026.06.03

Macrogen Completes Songdo Global Genome Center, Launching a Global Hub for AI-Driven Precision Medicine: SONGDO, South Korea — Macrogen, a leading global genomic analysis corporation, officially announced on Wednesday the grand o ...; Global Economic Times Reporter 2026.06.03

KEPCO Secures 2.1 Trillion Won Jafurah Phase 2 Project in Saudi Arabia, Boosting Middle East Expansion: SEOUL — Korea Electric Power Corporation (KEPCO) has successfully secured a major contract for the Phase 2 Jafurah cogenerat ...; KO YONG-CHUL Reporter 2026.06.03

Surging Memory Prices Weigh Heavily on Samsung and LG Electronics' Production Costs: The relentless surge in memory semiconductor pricing has dealt a severe blow to the manufacturing margins of South Korea’s l ...; Global Economic Times Reporter 2026.06.01

Kakao Union to Launch Partial Strike on June 10, Demanding End to Restructuring: The Kakao branch of the Korean Chemical, Textile, and Food Workers' Union (Kakao Union) announced on June 1 that it will embark on ...; Global Economic Times Reporter 2026.06.01

Samsung Electro-Mechanics Shifts Focus to AI Servers and Automotive Sectors, Boosting High-Value Components Business: Massive push into ultra-high-voltage MLCCs for EVs, 8MP cameras for autonomous driving, and next-gen FCBGA substrates for AI datac ...; Hwang Sujin Reporter 2026.05.28

Department Stores Surge as Hypermarkets Struggle: The Deepening Polarization of Retail Consumption: South Korea’s consumer spending is experiencing a structural revival, yet the benefits are being distributed unevenly across ...; Global Economic Times Reporter 2026.05.27

Business Sentiment Hits 43-Month High as Supply Chains Ease and Exports Surge: SEOUL — South Korea’s corporate sentiment jumped to its highest level in nearly three and a half years in May, fueled ...; Hwang Sujin Reporter 2026.05.27

MUSINSA Reaches Historic High in Q1 2026 Driven by Global Push and Offline Expansion: SEOUL — Musinsa, South Korea’s top fashion platform currently preparing for an Initial Public Offering (IPO), announce ...; Desk 2026.05.27

‘600 Million Won Bonus’ at Samsung Electronics Triggers Deep Sense of Relative Deprivation Among Korean Workers: Unprecedented Payouts: Samsung Electronics' Memory Division employees expect a massive 600-million-won performance bonus.National ...; Global Economic Times Reporter 2026.05.23

EV Sales Surge in Domestic Market While Exports Suffer Amid Prolonged Middle East Risks: SEOUL — South Korea’s domestic electric vehicle (EV) market experienced an unprecedented boom last month, driven by so ...; KO YONG-CHUL Reporter 2026.05.21

South Korea’s Mid-May Exports Hit Record High of $52.7 Billion, Propelled by Semiconductor Boom: SEOUL — South Korea’s exports during the first 20 days of May surged to a historic high for the period, driven by an e ...; Global Economic Times Reporter 2026.05.21